Terms & Conditions

1. Acceptance of Terms

By accessing, browsing, or using the LoanCentral web platform or mobile application, you agree to be bound by these Terms and Conditions. LoanCentral operates as a technology Lending Service Provider (LSP) facilitating loan applications between individual borrowers and RBI-regulated Non-Banking Financial Companies (NBFCs).

2. Role as Lending Service Provider (LSP)

LoanCentral is not a Bank or Non-Banking Financial Company (NBFC) and does not directly issue loans or hold deposit accounts. All loan underwriting, interest rate determinations, credit approvals, and monetary disbursals are conducted solely by our partner RBI-registered NBFC lenders in accordance with RBI Digital Lending Directions.

3. Borrower Eligibility Criteria

To apply for a personal loan through the LoanCentral interface, applicants must fulfill the following criteria:

• Must be a citizen of India residing within serviceable pin codes.
• Must be at least 21 years of age and hold a valid PAN card.
• Must demonstrate regular monthly income (Salaried or Self-Employed).
• Must provide accurate bank account credentials for e-mandate setup and disbursal.

4. Cost Transparency & Repayment Responsibilities

LoanCentral ensures that all annual percentage rates (APR), monthly EMI amounts, processing fees, documentation charges, and penal interest terms are fully displayed prior to loan contract acceptance. Borrowers are legally obligated to satisfy monthly EMI payments on or before scheduled due dates as specified in their lender sanction letter.